At least on a temporary basis (I fear for later this summer!) the news is good. For the month of May, I reduced my total debt by $1351.68.
This is the best I've done since the first of the year (right after I incurred $6000 worth of debt in December, 2009 for a new-to-me minivan) so I'm feeling good for the moment.
Overall, I've reduced my debt from the first of the year by $4000. I'm worried that a new roof for my rental house will reverse this momentum, but for now, everything is moving in the right, downward direction.
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Contact Grace: Gracefulretire@aol.com
Getting a late start on retirement saving and debt reduction in middle age with a middle class income.
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Contact Grace: Gracefulretire@aol.com
About Me
- Grace.
- I'm 63, a single mom, getting a late start on my retirement. Travel along as I reduce debt, increase savings and get myself situated for retirement one of these days.
Personal Finance and Retirement Blogs I Read
- A Gai Shan Life
- All Financial Matters
- Always the Planner
- Bargaineering
- Beach Girl's Budget Blog
- Blogging Away Debt
- Boxcar Kids
- Buck$omeboomer's Financial Path to Retirement
- Cents To Save
- Debt-Free By 50
- Digging Out From Our Mess
- Fabulously Broke In The City
- Financially Free To Be Me
- Frugal Texas Gal
- Frugal Zeitgeist
- Fumbling At Joy
- Get Rich Slowly
- Go To Retirement
- Grumpy Rumblings of the Untenured
- Happy Health--Senior Living & Health
- Just A Backpack And A Rollie
- Last Third of My Life
- Life Doesn't Begin at Retirement
- Man v. Debt
- Mighty Bargain Hunter
- Mortgaged Life
- Musings of a Midlife Mom
- Mutant Supermodel
- My Journey to Eliminate Debt
- My Retirement Blog
- My Wealth Builder
- No Credit Needed
- Noho'ana Hau'ole: Life is Good
- Out of Debt Again
- Personal Finance By the Book
- Planning to Retire
- Rest of Our Days
- Retire In Style
- Retirement Daze
- Retirement: A Full-time Job
- Ruminations
- Satisfying Retirement
- Savvy Working Gal
- Simple Dollar
- Surviving and Thriving
- Tessie's Awesome Blog
- The Next Stage: Women & Retirement
- The Retirement Planning Community
- Time Cheapskate Blog
- Tough Money Love
- Towards Retirement With Debt
- What Fresh Hell Is This? A Winsome Look at Life after 50
- Yes, I Am Cheap
5 comments:
WOOOOOOOOOOOO!!!! Go Grace!
Keep up the good work!
It's awesome to see debt go down, and you really did well for May! I was busy spending, but hopefully June will slow down a bit.
P.S. I will post pictures of the kitchen as soon as the countertops are in! :)
Congrats! That is a great accomplishment!
Reduce your debt reduction for the short term and start saving for the roof. If you can save $1,000 a month, you will have the money in a few months. Pay cash for the roof and see how that feels. You need to be on a cash basis for everything anyway, and this is a good way to start.
Cash does not incure debt. But great job on reducing your current debt. Great job.
See Ya.
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